Insider Selling: Joby Aviation (NYSE:JOBY) Insider Sells $210,327.96 in Stock

Joby Aviation, Inc. (NYSE:JOBYGet Free Report) insider Eric Allison sold 27,932 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $7.53, for a total value of $210,327.96. Following the completion of the transaction, the insider directly owned 710,396 shares of the company’s stock, valued at $5,349,281.88. The trade was a 3.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Eric Allison also recently made the following trade(s):

  • On Thursday, July 2nd, Eric Allison sold 9,330 shares of Joby Aviation stock. The stock was sold at an average price of $8.92, for a total value of $83,223.60.
  • On Wednesday, May 6th, Eric Allison sold 74,844 shares of Joby Aviation stock. The stock was sold at an average price of $10.00, for a total transaction of $748,440.00.

Joby Aviation Price Performance

Shares of NYSE JOBY opened at $7.35 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 22.06 and a quick ratio of 22.05. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of -6.39 and a beta of 2.71. The firm’s 50 day simple moving average is $9.71 and its 200-day simple moving average is $10.37. Joby Aviation, Inc. has a 12 month low of $7.32 and a 12 month high of $20.95.

Joby Aviation (NYSE:JOBYGet Free Report) last posted its earnings results on Tuesday, May 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.09. Joby Aviation had a negative net margin of 1,232.62% and a negative return on equity of 60.54%. The firm had revenue of $24.25 million during the quarter, compared to analysts’ expectations of $20.17 million. During the same period in the previous year, the business posted ($0.11) EPS. Analysts expect that Joby Aviation, Inc. will post -0.83 EPS for the current year.

Wall Street Analyst Weigh In

JOBY has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $18.00 target price on shares of Joby Aviation in a research note on Wednesday, May 6th. Canaccord Genuity Group cut their price target on Joby Aviation from $15.50 to $11.50 and set a “hold” rating for the company in a research note on Thursday, May 7th. Wall Street Zen raised Joby Aviation from a “strong sell” rating to a “sell” rating in a report on Sunday, May 10th. Morgan Stanley lowered their price target on Joby Aviation from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. Finally, Weiss Ratings raised Joby Aviation from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $13.64.

Get Our Latest Stock Analysis on JOBY

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Strategic Advocates LLC acquired a new stake in Joby Aviation in the 3rd quarter worth about $29,000. Fifth Third Bancorp raised its holdings in shares of Joby Aviation by 207.4% during the fourth quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock valued at $26,000 after acquiring an additional 1,348 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Joby Aviation during the fourth quarter valued at approximately $28,000. Ancora Advisors LLC purchased a new position in shares of Joby Aviation in the third quarter valued at approximately $35,000. Finally, Pandora Wealth Inc. acquired a new stake in shares of Joby Aviation in the fourth quarter worth approximately $32,000. 52.85% of the stock is owned by hedge funds and other institutional investors.

Joby Aviation Company Profile

(Get Free Report)

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.

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Insider Buying and Selling by Quarter for Joby Aviation (NYSE:JOBY)

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